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Verizon announces a $5B commitment to continue investing in America and supporting small businesses
Globenewswire· 2025-05-13 15:39
Core Insights - Verizon has announced a commitment to invest $5 billion over the next five years in US small business suppliers through the launch of the Small Business Supplier Accelerator [1][8] - The program aims to create a pipeline for American small businesses, particularly those owned by veterans, to collaborate with Verizon and other large corporations, thereby strengthening the supply chain [1][2] Investment and Support Initiatives - The Small Business Supplier Accelerator builds on Verizon's existing support for small businesses, providing targeted training and flexible solutions such as faster payment terms and modified insurance requirements [2][6] - Verizon's Small Business Digital Ready program offers free access to over 50 expert on-demand courses, 1:1 coaching, networking opportunities, and access to capital for small businesses [3][5] Grant Opportunities - In partnership with LISC, Verizon has introduced a grant opportunity where eligible Digital Ready members can apply for $10,000 grants, with applications open until June 30, 2025 [4][8] - Since 2021, Verizon has awarded $13.5 million in grants to support small businesses [4] Goals and Achievements - Verizon aims to equip one million small businesses with the necessary skills and resources to thrive in the digital economy by 2030, having already supported nearly 500,000 small businesses through the Digital Ready program [5][6]
Walmart supports small businesses, American-made products through new 'Grow With US' initiative
Fox Business· 2025-05-03 15:36
Core Insights - Walmart is enhancing support for American-made products through its "Grow With US" initiative, aimed at assisting U.S. small business owners with training, mentorship, and resources for success [1][2] - The initiative includes a four-step program providing financial assistance, e-learning modules, product showcasing opportunities, and mentorship connections [2] - Over two-thirds of Walmart's total product spend in fiscal year 2024 was on items grown, made, or assembled in America, highlighting the importance of small businesses as they account for over 60% of Walmart's U.S. suppliers [5][11] Group 1 - "Grow With US" initiative is part of Walmart's expanding commitment to small business development [2] - The program aligns with similar initiatives in other countries, such as Vriddhi in India and Crece con Walmart in Mexico [4] - Walmart aims to simplify the process for small businesses to collaborate with them, acknowledging the complexities involved [7] Group 2 - Applications for Walmart's annual Open Call event, allowing U.S. businesses to pitch American-made products, will open on June 24, with the event scheduled for October [8] - The announcement follows the opening of Milo's Tea Company's new $200 million manufacturing facility in Spartanburg, South Carolina, supported by Walmart [10] - Walmart emphasizes the role of small businesses as the backbone of communities, citing success stories like that of Milo's Tea [11]
Quaint Oak Bancorp, Inc. Announces First Quarter Earnings
GlobeNewswire News Room· 2025-05-01 20:30
Southampton, PA , May 01, 2025 (GLOBE NEWSWIRE) -- Quaint Oak Bancorp, Inc. (the “Company”) (OTCQB: QNTO), the holding company for Quaint Oak Bank (the “Bank”), announced today net loss for the quarter ended March 31, 2025 of $83,000, or $(0.03) per basic and diluted share, compared to net income of $873,000, or $0.36 per basic and diluted share, for the same period in 2024. Robert T. Strong, Chief Executive Officer stated, “First quarter results historically are not the best of our calendar year. Our first ...
Block Advisors by H&R Block Now Accepting Entries for Second Annual ‘Fund Her Future' Grant Program Created to Help Female Founders Thrive, Fuel Small Business Growth
GlobeNewswire News Room· 2025-04-28 12:45
Core Insights - Block Advisors by H&R Block has relaunched its Fund Her Future grant program, accepting applications from April 28 to May 30, 2025, to support women-owned small businesses with high growth potential [1][5] - The program will award a total of $100,000 in grants, with one recipient receiving $50,000 and up to five others receiving $10,000 each, along with a year of small business services valued at nearly $30,000 [1][4] Group 1: Program Details - The 2025 Fund Her Future program aims to recognize six women-owned small businesses that demonstrate community impact [1][5] - Eligibility requires applicants to be over 18 and owners of a U.S.-based business, with a focus on those showing community impact [5] - The program received over 6,000 applications in 2024, highlighting the significant interest and need for support among female entrepreneurs [6] Group 2: Challenges for Female Entrepreneurs - Female entrepreneurs face significant barriers in accessing capital, with 42% of women business owners denied bank loans and nearly 90% relying on personal finances and credit cards for funding [2] - The 2024 State of Women's Small Business Report indicates that women entrepreneurs encounter more hurdles compared to their male counterparts [2] Group 3: Impact of Previous Grant Recipients - Grant recipient Heather Jiang reported a 50% increase in online traffic to her business after receiving the grant, which allowed her to expand product lines and hire staff [7] - Erica Cole leveraged the funding to launch a sensory-friendly collection in Walmart and acquire another brand, demonstrating the scaling potential enabled by the grant [7] - Ameka Coleman anticipates a 400% revenue increase from onboarding additional hospital networks due to the support received from the grant [7] Group 4: Company Overview - H&R Block, through its Block Advisors division, provides year-round services for small businesses, including bookkeeping, payroll, and advisory services [10] - The company combines digital innovation with human expertise to assist clients in achieving better financial outcomes [10]
Live Oak(LOB) - 2025 Q1 - Earnings Call Transcript
2025-04-24 13:00
Live Oak Bancshares (LOB) Q1 2025 Earnings Call April 24, 2025 09:00 AM ET Company Participants Greg Seward - Chief Risk Officer and General CounselJames Mahan - Chairman & CEOWilliam Losch - PresidentWalt Phifer - CFOCrispin Love - DirectorTim Switzer - Vice PresidentDavid Feaster - Director - BankingMichael Cairns - Chief Credit Officer Operator Good morning, ladies and gentlemen, and welcome to the Q1 twenty twenty five Live Oak Bancshares Earnings Call. At this time, all participant lines are in a liste ...
Comcast RISE to Provide 100 Grand Rapids and Muskegon Small Businesses with Comprehensive Grant Packages
Prnewswire· 2025-04-10 19:40
Core Points - Comcast announced a $3 million grant program called Comcast RISE to support 100 small businesses in Grand Rapids and Muskegon, providing a comprehensive package including technology makeovers, creative production, media schedules, educational resources, a $5,000 monetary grant, and business consultation services [1][2][4] Group 1: Grant Program Details - The grant application period will run from May 1 to May 31, 2025, and eligible businesses can apply at www.ComcastRISE.com [2] - Each grant package includes a $5,000 monetary grant, a technology makeover with computer equipment and internet services for 12 months, a professionally produced 30-second TV commercial, and access to online entrepreneurship courses [6] - A total of 100 grants will be awarded in each of the five regions, totaling 500 grants nationwide, with recipients announced in August [3] Group 2: Community Impact - Comcast RISE aims to uplift local entrepreneurs and support the growth of small businesses, recognizing their role as economic and innovation engines in their communities [2] - Previous winners from the area include Delight in Designs, Body Builders Collision & Custom Cars, A Solution B, and Servicios De Esperanza, showcasing the program's positive impact on local businesses [2][3] Group 3: Company Background - Comcast Corporation is a global media and technology company that provides broadband, wireless, and video services, and produces and streams entertainment through various brands [5]